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In a plan-driven approach, communication with stakeholders is conducted formally, which aligns with the structured nature of this methodology. A plan-driven approach emphasizes thorough documentation, predefined processes, and stringent adherence to project plans. This means that communication is usually scheduled and documented, ensuring clarity, consistency, and accountability throughout the project lifecycle.

Formal communication includes status reports, meeting agendas, and minutes, which help in managing expectations and ensuring that stakeholders are consistently informed of progress, changes, and challenges. This structured communication approach minimizes misunderstandings and fosters a clear line of accountability, as all discussions and decisions are documented for future reference.

The other approaches generally involve less structure. Informal communication may lead to misinterpretation of information, while iterative methods facilitate ongoing stakeholder engagement that can sometimes lack formal documentation. Relying on communication only when necessary could lead to missed opportunities for feedback and alignment, which is crucial for maintaining stakeholder involvement and support.